Strategy:
- Oversee and manage all processes and activities related to Cost Analytics, ensuring high-quality service delivery.
- Drive SCB's cost and competitive analytics, including external benchmarking based on industry trends and performance vs. peers.
- Develop forward-looking projections to align SCB's performance with market trends.
- Partner with Global Process Managers and leaders to design and implement Standard Global Processes in cost management.
- Track implementation effectiveness and identify gaps in cost management processes.
- Lead the development of a strategic roadmap for the Cost Centre of Excellence (CoE), focusing on modeling, efficiency tracking, business partnering, and a comprehensive view of costs.
- Engage senior stakeholders and business CFOs to align and implement cost management improvements.
Business:
- Identify pain points in cost management and recommend improvements for a more efficient, end-to-end process, including technology integration.
- Ensure targets are met/exceeded and embed a culture of continuous improvement within teams.
- Deliver on annual productivity and cost savings targets, while constantly exploring migration opportunities within the hub.
- Collaborate with business and country CFOs to drive cost migration and enhance efficiency.
- Contribute to the strategic development of the center and drive the Global Finance Services (GFS) collective agenda.
Processes:
- Work with HR to enhance talent and skillsets to meet the growing complexity and needs of finance.
- Attract and retain the right talent for key roles, ensuring effective attrition management and creating a strong talent pipeline.
- Create forums to promote employee engagement, encouraging creativity, learning, and development, while improving work-life balance.
- Contribute to the transformational agenda by supporting strategic goals, building consensus, and driving key objectives.
Risk Management:
- Understand and assess risks related to cost management processes.
- Anticipate risks by staying updated on industry trends, legislation, and operational changes.
Governance:
- Ensure compliance with internal and external governance standards, including financial performance and cost management practices.
Regulatory & Business Conduct:
- Uphold the Group's Values and Code of Conduct, ensuring all processes comply with regulations and best practices.
- Collaborate with leadership to identify, escalate, and mitigate risks in cost management and compliance.
Key Stakeholders:
- Internal:
- Senior Management, Global Process Managers, and Leaders
- Country CFOs and Business Heads
- HR for talent management and development
- External:
- Benchmarking firms
- Industry leaders and experts
Other Responsibilities:
- Contribute to the strategic and transformational agenda across the organization, supporting global initiatives and building consensus.
- Maintain a focus on cost management excellence and financial performance improvements.
Skills and Experience:
- Cost Management Expertise
- Financial Performance Reporting
- Cost Booking and Allocation
- Financial Statement Analysis
- Strategic Leadership
- Influencing Senior Stakeholders
- FP&A (Financial Planning & Analysis)
- Business Performance Management
Qualifications:
- Education:
- Degree in Finance, Accounting, or a related field (MBA or professional certifications are a plus).
- Experience:
- A mature finance professional with significant experience in the financial services industry.
- In-depth knowledge of corporate banking products, cost performance reporting, and cost booking practices.
- Strong FP&A background, with the ability to connect business drivers to performance management.
- Proven ability to lead under pressure, influence stakeholders, and work through ambiguity.
- Experience working with senior management teams and delivering strategic insights to drive decision-making.
- Strong ability to analyze financial statements and synthesize them into meaningful reports for management.
